333
333
Dec 11, 2012
12/12
by
CNBC
tv
eye 333
favorite 0
quote 0
>> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting that at least partial offers have been exchanged between the two sides over the past two days. so, clearly, what we know here is that paper is changing hands and the deal making is actually happening right now. what we don't know is what the content of that deal is. and speaker's office telling me right now that they're not going to be able to provide any detail on what was in that counter offer, so, behind the scenes, the mystery continues here. >> so, again, we're not necessarily zeroing in on exactly where that revenue comes from, we don't know if it
>> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting...
59
59
Dec 13, 2012
12/12
by
CNBC
tv
eye 59
favorite 0
quote 0
. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of a to yahoo! stocks, are suddenly the comeback kids of the fourth quarter. we're separating winners from losers. >>> plus, sell signal. if insiders are heading for the exits, should you be, too? >>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican lea
. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of...
231
231
Dec 7, 2012
12/12
by
CNBC
tv
eye 231
favorite 0
quote 0
boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i've heard you make the bold case for conservatism on this show. we should advocate for what worked with ronald reagan. guess what? our economy took off. we got 20 million jobs and youth unemployment dropped 43%. and revenues doubled. >> that's not the issue. >> yes, it is. >> that's not john boehner's issue. john boehner didn't lose the presidency, my friend. and don't forget that. and by the way, conservatives did not win the presidency and conservatives did not win the senate. it was a lousy year. and you have to deal with that. and let me add one thing. i am a flat tax supply sider and i worked for ronald reagan. reagan compromised. he compromised in 1982 over a lousy deal which he regretted. he compromised in 1983 over a very good social security fix. and then he compromised again in 1986 over a very good
boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i've heard you make the bold case for conservatism on this show. we should advocate for what worked with ronald reagan. guess what? our economy took off. we got 20 million jobs and youth unemployment...
83
83
Dec 7, 2012
12/12
by
CNBC
tv
eye 83
favorite 0
quote 0
house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income ta
house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days...
78
78
Dec 13, 2012
12/12
by
CNBC
tv
eye 78
favorite 0
quote 0
boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our business is, it's a relatively low barriers to entry. consumers can buy the luxury of our beauty for $17, $18, $25, $30. this is not a huge investment. and so we're finding a lot of consumers are finding their way into beauty because they don't want to spend $1,000, $2,000 or $3,000 on very luxurious, larger items like a handbag or a new car, for example. so beauty has its frequency shoppers. but that being said, overall, if the consumer is not certain she has the disposal income, perhaps she holds back a little bit. >> sir, one of my
boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our...
179
179
Dec 13, 2012
12/12
by
CNBC
tv
eye 179
favorite 0
quote 0
boehner coming up. let me tell you why. if you watched that -- and i know close to 1 billion people watched -- i couldn't help but think during the entire thing robin hood foundation, obviously if you know who robin hood foundation is, you know it's many of the major hedge funds, major players in the financial services. one of the greatest takeaways that i had walking out of that building, obviously the great entertainment was the following. when it was in the time of immediate need, it wasn't the government agencies. it wasn't fema. it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to na
boehner coming up. let me tell you why. if you watched that -- and i know close to 1 billion people watched -- i couldn't help but think during the entire thing robin hood foundation, obviously if you know who robin hood foundation is, you know it's many of the major hedge funds, major players in the financial services. one of the greatest takeaways that i had walking out of that building, obviously the great entertainment was the following. when it was in the time of immediate need, it wasn't...
59
59
Dec 11, 2012
12/12
by
CNBC
tv
eye 59
favorite 0
quote 0
earlier this afternoon, a key word from speaker boehner. the recent silence from his office and the administration breaking down. listen to this. >> i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together towards the best possible solution. that means cutting spending. now, the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. >> joining us right now, republican senator from georgia, johnny isakson, good to have you on the program. thanks for joining us. john boehner saying he wants to see spending cut proposals on the table. where specifically would you like to see those cuts come from. >> first of all, entitlements are $2 out of $3 we spend, $2.7 trillion a year. they need to be reformed. over time you can save a lot of money without taking away what people have paid for in terms of social security and medicare. we have to cut discretionary spending. i will tell you discret
earlier this afternoon, a key word from speaker boehner. the recent silence from his office and the administration breaking down. listen to this. >> i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together towards the best possible solution. that means cutting spending. now, the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the...
229
229
Dec 10, 2012
12/12
by
CNBC
tv
eye 229
favorite 0
quote 0
president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
126
126
Dec 13, 2012
12/12
by
CNBC
tv
eye 126
favorite 0
quote 0
boehner he can't ignore the american people forever. so there they have it. live to capitol hill with one on one interview with representative maxine waters when we come back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ that makes watching tv even better. if your tv were a hot dog, zeebox would be some sort of fancy, french mustard. just like
boehner he can't ignore the american people forever. so there they have it. live to capitol hill with one on one interview with representative maxine waters when we come back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [...
186
186
Dec 5, 2012
12/12
by
CNBC
tv
eye 186
favorite 0
quote 0
the republicans have offered substantial -- boehner has offered substantial tax increase, $800 billion, actually, but he believes it can be done by closing loopholes without raising the rates, which would be better for the economy. i don't believe we need to raise taxes. we can bring this government under control through spending reductions. certainly, if taxes are raised, they should be done in a way that's most beneficial or least damaging to the viability of our economy. >> yeah. i got to tell you, after listening to that interview, i feel pretty confident that we're going over the cliff. are we going to go over the cliff, senator? >> we should not go over the cliff. we should have been working on this all year, not waiting until the last minute. the reason we're not making progress, let me tell you -- and i've been consistent on this. they're bringing these numbers up in secret. if they were laid out in public so the american people knew just how much taxes they were increasing, just how little spending reductions -- or how much increases in spending. as a political mover, very eff
the republicans have offered substantial -- boehner has offered substantial tax increase, $800 billion, actually, but he believes it can be done by closing loopholes without raising the rates, which would be better for the economy. i don't believe we need to raise taxes. we can bring this government under control through spending reductions. certainly, if taxes are raised, they should be done in a way that's most beneficial or least damaging to the viability of our economy. >> yeah. i got...
148
148
Dec 5, 2012
12/12
by
CNBC
tv
eye 148
favorite 0
quote 0
boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our list, one of the richest men in the world. >> and a quick thought on ilan musk -- we've heard his name but he doesn't get a lot of attention. why is he in the top 70? >> when you think about the entrepreneurial ethos that forbes tries to represent, the people, places and companies that we try to describe an entrepreneurs in particular, here's a guy who founded paypal. here's a guy who's at the front of the tesla automobile. he's now moving cargo through space. filling the void that nasa has left. >> it's like watch what he does zblep's going to be the railroa
boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our...
247
247
Dec 11, 2012
12/12
by
CNBC
tv
eye 247
favorite 0
quote 1
you mentioned boehner speaking at the top of the hour. in the past few moments the obama 2012 campaign staff has tweeted the following. if your taxes go up, republicans will have made a conscious choice to let that happen. we have no way of knowing if this is somehow related to what the speaker may say in 20 minutes' time. might just be yet another echo of an existing talking point. that's going to be one more tea leaf to read in the next half hour. >>> when we come back, delta air lines buying a 49% stake in virgin atlantic today. we'll talk to the ceo about the deal and what it means for the airline's future after the break. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico
you mentioned boehner speaking at the top of the hour. in the past few moments the obama 2012 campaign staff has tweeted the following. if your taxes go up, republicans will have made a conscious choice to let that happen. we have no way of knowing if this is somehow related to what the speaker may say in 20 minutes' time. might just be yet another echo of an existing talking point. that's going to be one more tea leaf to read in the next half hour. >>> when we come back, delta air...
324
324
Dec 11, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 0
not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay ordinary, right? you agree to that. they don't have to raise the rates. >> did you readed article that harvard is the hedge fund that has the university on the side? >> i don't know. >> $27 billion hedge fund. >> you agree with me they ought to switch the rate with ordinary income. >> i'm not -- look, it's a tax increase but you can offset it by tax cuts elsewhere. you could do tax reform in such a way that long as it doesn't net money to the government. if the government sees additional cash they go, oh, and they dro
not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay...
266
266
Dec 7, 2012
12/12
by
CNBC
tv
eye 266
favorite 0
quote 0
speaker boehner is about to speak. here he is. >> when it comes to the fiscal cliff that's threatening our economy and our jobs, the white house has wasted another week. you know, eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase in the debt limit like forever. four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen. washington's got a spending probl
speaker boehner is about to speak. here he is. >> when it comes to the fiscal cliff that's threatening our economy and our jobs, the white house has wasted another week. you know, eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase in the debt limit like forever. four days ago we offered a serious proposal based on testimony of...
53
53
Dec 13, 2012
12/12
by
CNBC
tv
eye 53
favorite 0
quote 0
but that not true among the rank and file and therefore john boehner and leadership haven't been able to take that position and that is kind of stuck right now. >> joe, it is brian. i know you talk to those folks off the record as well. ip get it. a this point the president's plan can only be viewed as punitive. the money raised is about a fourth of what medicare alone wastes through fraudulent spending in a year. everyone understanding basic math knows it won't make a difference for anything. it is already spent with the post office and fha bailout. does the white house privately acknowledge this point? do they understand how big the deficit is verse thus small amount of money? >> of course they understand it. i don't accept what you just said, ryan. >> you can't debate math. >> well, you called it punitive. and i -- >> i i'm just wondering if that's what it is at this point? >> i don't think it is. look, the white house negotiated a deal with republicans last year to cut a trillion dollars out of discretionary spending. they are looking for a $4 trillion deal. that's one-fourth of t
but that not true among the rank and file and therefore john boehner and leadership haven't been able to take that position and that is kind of stuck right now. >> joe, it is brian. i know you talk to those folks off the record as well. ip get it. a this point the president's plan can only be viewed as punitive. the money raised is about a fourth of what medicare alone wastes through fraudulent spending in a year. everyone understanding basic math knows it won't make a difference for...
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
speaker boehner commenting earlier this hour about the fiscal cliff negotiations. let's listen. >> this plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and as planned, does not begin to solve our debt crisis. it actually increases spending. >> joined now by an incoming member of the senate, jeff flake, representing arizona's sixth district. good morning. glad to have you. >> thanks for having me on. >> awfully tough to get a read this morning. a lot of the public commentary has been critical, as you know. but we are seeing signs that at least the talks are progressing. we've got counteroffers going back and forth. are you more or less optimistic than you were, say, last week? >> i've gone back and forth week to week. thinking we'll get a deal. then we won't. today, i think it's probably just better than 50/50 that we get a deal. it likely won't be until after christmas. >> yeah, the calendar -- that seems to be the issue right now. you're running out of time to get it done this year. >> it looks like it
speaker boehner commenting earlier this hour about the fiscal cliff negotiations. let's listen. >> this plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and as planned, does not begin to solve our debt crisis. it actually increases spending. >> joined now by an incoming member of the senate, jeff flake, representing arizona's sixth district. good morning. glad to have you. >> thanks for having me on. >>...
293
293
Dec 6, 2012
12/12
by
CNBC
tv
eye 293
favorite 0
quote 0
but we vice presidehaven't seen meeting we want to see, the president and speaker boehner. we're seeing that now. >>> meanwhile, toronto dominion down today. it seems investors are worried about the company's higher expense and a slow down in mortgage growth. let's talking td bank. joining me now in a cnbc exclusi exclusive, the ceo ed clark. atlanta, georgi thanks for joining us. what do you think is most concerning here? how was the quarter? >> actually, we were very pleased with the quarter. really pleased with the year. we went into the year saying we were with going to have to work hard to get 7% earnings growth. we ended up with 8 and 10% overall growth. it's really actually, you know, we faced a lot of head winds this year. lots of things going on. so frankly, we're very pleased with the year. >> of course, you announced this acquisiti acquisition. why do this deal now? what was so important in terms of contributing to business? >> yeah, so, you know, we have signaled to the market for some time what we want to do. this fit absolutely perfect. it's one of these great
but we vice presidehaven't seen meeting we want to see, the president and speaker boehner. we're seeing that now. >>> meanwhile, toronto dominion down today. it seems investors are worried about the company's higher expense and a slow down in mortgage growth. let's talking td bank. joining me now in a cnbc exclusi exclusive, the ceo ed clark. atlanta, georgi thanks for joining us. what do you think is most concerning here? how was the quarter? >> actually, we were very pleased...
167
167
Dec 6, 2012
12/12
by
CNBC
tv
eye 167
favorite 0
quote 0
. >>> meantime, house speaker boehner and president obama speaking on the phone last night about the fiscal cliff. there still seems to be a freeze in the negotiation. >> there's nothing going on privately that's not going on the publicly. >> they've got to come with some specific revenue. they have refused to do that. >> we need that consensual break through. >> although the president seems obsessed on raising taxes for you. >> that is a bad strategy for america, it's a bad strategy for your businesses and it is not a game that i will play. >> is the administration prepared too go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the wealthiest 2%. remember it's only 2%. >> with just 25 days to go, the political satandoff could cost the u.s. millions of jobs. professor, good to have you back, good morning. >> good to be here, thanks. >> good read in the journal yesterday from you and if anybody needed to worry about this more, you invoke carter, you're talking about 1980. kind of scenarios if in fact we go over
. >>> meantime, house speaker boehner and president obama speaking on the phone last night about the fiscal cliff. there still seems to be a freeze in the negotiation. >> there's nothing going on privately that's not going on the publicly. >> they've got to come with some specific revenue. they have refused to do that. >> we need that consensual break through. >> although the president seems obsessed on raising taxes for you. >> that is a bad strategy for...
270
270
Dec 10, 2012
12/12
by
CNBC
tv
eye 270
favorite 0
quote 1
the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and i think that's what this set of conversations is about. >> john, it was interesting to hear it from senator corker saying, yeah, we should hold the fight on spending. you about he did it on the assumption that you're going to have this debt ceiling crisis that comes up again and these concessions that come up in i guess february. the president in his initial offer laid out something that he had to say the debt ceiling would be part of that, too. would he have back down and say we could have this conversation again in six weeks? >> that's a really hard issue. he said in the same definitive rates
the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and...
202
202
Dec 5, 2012
12/12
by
CNBC
tv
eye 202
favorite 0
quote 0
. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the spending right now is a percentage of gdp is 24%. it's projected to go substantially higher. do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, what it added the our entitlement is 12 trillion. just that we did in the last two years. or whenever it was. >> but in terms of where we are now in this negotiation, i believe that both sides in the final ana
. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the...
169
169
Dec 6, 2012
12/12
by
CNBC
tv
eye 169
favorite 0
quote 0
we are told that president obama and speaker john boehner on the republican side of the capitol had a conference call yesterday about 20, 28 minutes in length. we don't know what was said. that's probably a good sign they are not leaking the contents of that call. that's a sign that there is some negotiation going on. something is happening behind the scenes but we just don't know what it is right now. back to you. >> eamon javers, thank you very much. >>> what can be done to break the stalemate in washington? representative jack kingston is a republican from georgia, member of the house appropriations committee. welcome, congressman. good to have you with us. >> thank you, tyler. >> we had the images yesterday of congress leaving for a long weekend. i have to say that it struck an awful lot of us as very poor sort of pr, very bad optics, if you want to use that term. you're still there in washington. why? and what do you think about the fact that congress went home? >> well, i'm actually doing some committee work but i will say this, that this debate is both inside and outside of the
we are told that president obama and speaker john boehner on the republican side of the capitol had a conference call yesterday about 20, 28 minutes in length. we don't know what was said. that's probably a good sign they are not leaking the contents of that call. that's a sign that there is some negotiation going on. something is happening behind the scenes but we just don't know what it is right now. back to you. >> eamon javers, thank you very much. >>> what can be done to...
90
90
Dec 12, 2012
12/12
by
CNBC
tv
eye 90
favorite 0
quote 0
you have boehner come out, reid come out, cantor come out, and they're all somewhat measured, if not negative, on the result of the fiscal cliff. so the market's clearly building in a deal. if i were bernanke, here's what i'm thinking. i'm thinking, if i get the grand bargain, i don't have to do anything additional to what i'm doing now because the economy is going to explode fwr trom the pent-up corporate spending. if i wait, let them take care of it. that's unlikely, though. i think the fed is in a holding pattern and let the market bounce around without the upside gains. >> is that it, or are you just getting warmed up? >> let's go to murph. >> if you don't get anything from bernanke today, the market is going to sell off. if we see bernanke step away from the easing today, we're going to go a lot lower on the mark market. i don't think that's going to happen. i think you'll see him extend and see what happens with the fiscal cliff. >> what does the market want to hear from the fed today. jim is chief financial strategist for wells capital management. thanks for coming back. >> th
you have boehner come out, reid come out, cantor come out, and they're all somewhat measured, if not negative, on the result of the fiscal cliff. so the market's clearly building in a deal. if i were bernanke, here's what i'm thinking. i'm thinking, if i get the grand bargain, i don't have to do anything additional to what i'm doing now because the economy is going to explode fwr trom the pent-up corporate spending. if i wait, let them take care of it. that's unlikely, though. i think the fed...
52
52
Dec 5, 2012
12/12
by
CNBC
tv
eye 52
favorite 0
quote 0
comments are very interesting around boehner taking those actions around tea party members in the house. that's substantial. i think at the end of the day it will all come down to means testing. means testing on dividends, means testing on medicare, means testing on social security. that's the way they come to agreement. if you add up all the means testing moves on social security an medicare, that gets but $800 million right there. >> what's the cliff doing to gold? gold's been obviously an interesting trade over the last several sessions. it's been down $30 or so a couple different times. cliff related or something else going on? >> i think it's definitely more economically related. if you look over the last year, take morgan stanley five-year cds versus gold. every time we've had a rise in systemic risk, gold has fallen. over the last month or so, the financial cds, big banks of the united states, that's improved. so there's less global systemic risk, less lehman like risk. but gold has been acting poorly along with oil. so a lot of the economically sensitive under -- indicators are
comments are very interesting around boehner taking those actions around tea party members in the house. that's substantial. i think at the end of the day it will all come down to means testing. means testing on dividends, means testing on medicare, means testing on social security. that's the way they come to agreement. if you add up all the means testing moves on social security an medicare, that gets but $800 million right there. >> what's the cliff doing to gold? gold's been obviously...
286
286
Dec 10, 2012
12/12
by
CNBC
tv
eye 286
favorite 0
quote 1
i just want to say that, again, boehner offered $800 billion. that's about the amount that taxes on the upper 2% are. so now he's negotiating north of that. i mean, the best place for republicans to be, to me, is to pass the rate increases, be done with it. the number's probably much smaller than it's ultimately going to be negotiated. then we still are focused on the right thing which is entitlement changes. again, i hope the president's going to come to the table, candidly. here we are. every developed country in the world knows this is the greatest threat to our nation. economists on both sides of the aisle know this is the greatest threat in our nation. and hopefully they'll solve this. but right now, there's no question in my mind that the president has the slight upper hand in the negotiations, and my point was, there's a way of changing that leverage very, very quickly by the house sending over a bill that freezes rates on the 98% of the population that are going to be affected. >> senator, in terms of the top 2%, how much do you see the
i just want to say that, again, boehner offered $800 billion. that's about the amount that taxes on the upper 2% are. so now he's negotiating north of that. i mean, the best place for republicans to be, to me, is to pass the rate increases, be done with it. the number's probably much smaller than it's ultimately going to be negotiated. then we still are focused on the right thing which is entitlement changes. again, i hope the president's going to come to the table, candidly. here we are. every...
60
60
tv
eye 60
favorite 0
quote 0
but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all those americans, too, get a tax cut on the first $250,000 of their
but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter....
50
50
tv
eye 50
favorite 0
quote 0
two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the senate. i'm going to guarantee you that the democrats in the senate are going to be split on this business of who's rich and what the right tax rates are going to be. >> i have to leave it there, chaps. nick, larry, thank you both much, indeed. >>> coming up next, kerry kennedy joins me about fame, politics and most important of all, taylor swift. like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - t
two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the...
72
72
Dec 10, 2012
12/12
by
CNN
tv
eye 72
favorite 0
quote 0
if john boehner says, look, mr. president, if you're going to force us to take the tax rates up, that's something we don't want to do, we'll go to 800, but that's it. we're not going to go beyond that, and you can't expect anything from us on a grand bargain beyond 800. that would really reduce the size of any kind of grand bargain. so in some ways, don, what's at stake here is whether they can craft a deal that's win/win. that each side can walk away from something in the short term saying we're encouraged. this gives us greater reason to go on and engage in the grand bargain next year. >> okay. you know, as republicans start to talk about maybe giving, you know, something on this tax hike for the wealthy, is this a white flag? i'm sure some will see it as a waving of a white flag, no? >> there will be a lot of democrats who think it's a white flag and they will say, mr. president, this is gl what he said. you hang tough with those guys and in the end they will cave and there will be some justification for that. ag
if john boehner says, look, mr. president, if you're going to force us to take the tax rates up, that's something we don't want to do, we'll go to 800, but that's it. we're not going to go beyond that, and you can't expect anything from us on a grand bargain beyond 800. that would really reduce the size of any kind of grand bargain. so in some ways, don, what's at stake here is whether they can craft a deal that's win/win. that each side can walk away from something in the short term saying...
48
48
tv
eye 48
favorite 0
quote 0
john boehner has said we are putting the $800 billion on the table but we are going to aim it at the rich. yesterday the president offered the outlines of a deal that might work with the republicans. and that is raise the rates now and engage in the conversations next year on tax deductions and loop holes. and that is called base broadening. and that has been attached to lowering the rates. so what the president is saying, there is a way that we could raise the rates, we could lower them back down again next year. do you think they are over playing their hand here? i think that there are people around the president who are more interested or have a strong interest in using this as a way to humiliate republicans and pushing them to the brink. we'll have to wait and see how it plays out. there is a danger in second term of excessive pride. let's see this play out more. i believe they have enough to go into privategotiationnegotiatio. he is the leader of the people. they need to get off of that and sit down and get something worked out. i guess they feel they were burned before and they
john boehner has said we are putting the $800 billion on the table but we are going to aim it at the rich. yesterday the president offered the outlines of a deal that might work with the republicans. and that is raise the rates now and engage in the conversations next year on tax deductions and loop holes. and that is called base broadening. and that has been attached to lowering the rates. so what the president is saying, there is a way that we could raise the rates, we could lower them back...
117
117
tv
eye 117
favorite 0
quote 0
. >> speaker boehner fired back. >> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> so, here we are, just over three weeks from going over the fiscal cliff. you're probably getting a lot of stuff around the house this weekend wondering what the heck is going on in these houses in washington. this is the worst of american politics. they put themselves and their political games first and put your future and prosperity second, but hey, you voted them into office. remember what happened the last time washington got into a budget battle like this? lawmakers put a band-aid on the problem and the u.s. lost its aaa crediting rating. i've warned you over and over about the economic storm headed our way partly because of europe and this fiscal lif, but i've also told you about an american economic renaissance that could be just ahead. just beyond the storm clouds. the fiscal cliff is fixable, but every day washington fails to make a deal, more damage is being doing. john king, ken
. >> speaker boehner fired back. >> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> so, here we are, just over three weeks from going over the fiscal cliff. you're probably getting a lot of stuff around the house this weekend wondering what the heck is going on in these houses in washington. this is the worst of american politics. they put themselves and their...
79
79
Dec 10, 2012
12/12
by
CNN
tv
eye 79
favorite 0
quote 0
john boehner sitting by himself. all alone. not a single member of his party willing to share a seat. dent even have any milk to drink because, well, tell them why, john. >> they took my milk and threw it in the garbage. >> "early start" continues right now. >>> i'm so devastated for them. i'm really feeling for them. >> breaking radio silence. two deejays talk about the family of the nurse who took her own life after getting duped by their prank call. >>> top secret rescue mission. an american saved in afghanistan but at a heavy price. >> look who's talking. president obama and john boehner finally get together a little more than three weeks before we hit the fiscal cliff. good morning, everyone. welcome to "early start." i'm john berman. >> it's so night to you have back, john. it's 6:00 a.m. in the east. let's get started. the two men who stand between all of us and the fiscal cliff are finally speaking face-to-face. president obama and house speaker john boehner actually looked into each other's eyes yesterday and they talk
john boehner sitting by himself. all alone. not a single member of his party willing to share a seat. dent even have any milk to drink because, well, tell them why, john. >> they took my milk and threw it in the garbage. >> "early start" continues right now. >>> i'm so devastated for them. i'm really feeling for them. >> breaking radio silence. two deejays talk about the family of the nurse who took her own life after getting duped by their prank call....
62
62
tv
eye 62
favorite 0
quote 0
for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in wolf blitzer on this topic. there are a couple of polls that are very telling about how americans feel about congress and the president are behaving when it comes to the fiscal cliff. let me read some of these numbers for you. should obama compromise to get things done. 72% say yes. 22% say no. should the gop compromise to get things done. and take a look. 72% say yes. my question for you, wolf, i'm not sure you'll have the answer but perhaps you'll have guidance. for those democrats who say the president has a mandate because voters voted him into office while he campaign
for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in...
80
80
Dec 10, 2012
12/12
by
CNN
tv
eye 80
favorite 0
quote 0
the president meeting face to face with speaker boehner yesterday. and talking to our chief white house correspondent basically the status of those discussions is sitting at a stalemate. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-25
the president meeting face to face with speaker boehner yesterday. and talking to our chief white house correspondent basically the status of those discussions is sitting at a stalemate. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i...
64
64
tv
eye 64
favorite 0
quote 0
even though president obama and john boehner chatted by phone, there's no deal. republicans are not amused. >> incredibly many top democrats including the president seem perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two sides will make a deal and have moved to plan b. a retired teacher in utah has put off plans to get a new car. brian chandler, a data manager in atlanta is delaying buying a house despite needing space for a second kid due any day now and several families are shrinking the gift pile beneath the christmas tree this year. how about you? are you prepared if the nation goes off the fiscal cliff? facebook.com/carolcnn. facebook.com/carolcnn. your responses later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the m
even though president obama and john boehner chatted by phone, there's no deal. republicans are not amused. >> incredibly many top democrats including the president seem perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two sides will make a deal and have moved to plan b. a retired teacher in utah has put off plans to get a new car. brian chandler, a...
50
50
Dec 10, 2012
12/12
by
CNN
tv
eye 50
favorite 0
quote 0
. >>> president obama an house speaker john boehner met face-to-face. now just 22 days away, we don't have much details on theirs conversation. >>> some gay couples living in washington state made history after midnight sunday becoming the first legal same-sex marriages in the state. the governor signed the voter approved referendum into law on wednesday. >>> some very sad news for fans of music super star jenni rivera. they have found the wreckage of the private jet believed to be carrying the popular mexican-american singer. there doesn't appear to be any survivors. the plane lost contact early sunday morning. those are your headlines this hour. cnn, the most trusted name in news. >> it's almost impossible to imagine what madonna badger has opinion through. she woke up to find her house engulfed in flames. she was unable to save her three young daughters and her parents. nearly a year she's learning to try to get on with her life. an extraordinary example of strength and courage. she joins me in a primetime exclusive. i don't even know where to start
. >>> president obama an house speaker john boehner met face-to-face. now just 22 days away, we don't have much details on theirs conversation. >>> some gay couples living in washington state made history after midnight sunday becoming the first legal same-sex marriages in the state. the governor signed the voter approved referendum into law on wednesday. >>> some very sad news for fans of music super star jenni rivera. they have found the wreckage of the private jet...
62
62
tv
eye 62
favorite 0
quote 0
>> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise as far as taxes are concerned? >> how we go about tax reform, there's a lot of room to work together to lower the rates. >> give me an example? >> i'm not sure where the democrats are because they have not offered a plan. >> their plan is to keep the bush tax rates from 2001, 2003 forever. make them permanent. top 2% let them go from 35% to 39.6%. >> it's incredible we're even talking about it because it doesn't solve the problem. >> it's a beginning. >> it runs the government for five or six days. >> but it's a beginning. a billion here, a billion there winds up being
>> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you...
65
65
Dec 10, 2012
12/12
by
CNN
tv
eye 65
favorite 0
quote 0
[ male announcer ] ...forbusiness.com. [ yawning sound ] >>> president obama, house speaker john boehner met face-to-face at the white house to prevent the fiscal cliff now just 23 day as way. we don't have any details of their conversation. reps for both sides say lines of communication remain open. >>> some gay couples living in washington state made history after sunday becoming the first legal same-sex marriages in the state. sarah and emily coiffeur were the first to get married at the king county courthouse in seattle. the governor signed the vote area proved referendum into law on wednesday. very sad news for jiffy riff air yachlt they found the wreckage after private jet carrying the mechl canal singer and six others and there doesn't appear to be any survivors. they lost contact with the air traffic controllers earlier this morning. >>> those are your headlines this hour. i'm don lemon keeping you informed. cnn, the most trusted name in news. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement
[ male announcer ] ...forbusiness.com. [ yawning sound ] >>> president obama, house speaker john boehner met face-to-face at the white house to prevent the fiscal cliff now just 23 day as way. we don't have any details of their conversation. reps for both sides say lines of communication remain open. >>> some gay couples living in washington state made history after sunday becoming the first legal same-sex marriages in the state. sarah and emily coiffeur were the first to get...
518
518
Dec 5, 2012
12/12
by
CNNW
tv
eye 518
favorite 0
quote 0
that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly, carol. one thing that has been interesting with regard to john boehner's leadership of the republican conference, which certainly is very conservative and he has had to balance that with negotia
that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to...
136
136
Dec 11, 2012
12/12
by
CNNW
tv
eye 136
favorite 0
quote 0
the president, house speaker john boehner meeting at the white house. new signs of give on both sides but can either side go far enough without losing their core of supporters? >>> welcome back "raw politics" now. 22 worried days until america goes off the fiscal cliff. or maybe 21 worrying days and one panicking night. there are signs even three weeks out that neither side really wants to push it to the very end. president obama today speaking at a truck engine plant in michigan said he's willing to give a little but he's not willing to compromise when it comes to higher taxes on the wealthiest americans. notice, though, he did not say he was married to a specific rate, such as all the way back to the clinton-era levels. as for house speaker boehner who he met with yesterday at the white house, he said the gop offer remains the same, no rate hikes. however, there were more signs over the weekend that republican unity may be cracking a little bit with a number of lawmakers who want to take the tax issue off the table asap. >> there is a growing group of
the president, house speaker john boehner meeting at the white house. new signs of give on both sides but can either side go far enough without losing their core of supporters? >>> welcome back "raw politics" now. 22 worried days until america goes off the fiscal cliff. or maybe 21 worrying days and one panicking night. there are signs even three weeks out that neither side really wants to push it to the very end. president obama today speaking at a truck engine plant in...
111
111
Dec 5, 2012
12/12
by
CNNW
tv
eye 111
favorite 0
quote 0
the president has had his picture with speaker boehner. but look, the important thing as you say is to get everybody together. now, the president's plan is very clear. he spells out exactly how he's going to get the revenue and he's very detailed about the cuts. what we would like to see is a similarly detailed plan from speaker boehner. as the president said, when you look at the revenue number they propose, for example, they don't tell you how they do the math. so in addition to being not enough revenue, not even as much revenue as is imbedded in the bipartisan simpson-bowles plan but in addition to not being enough, they don't tell you how to get it. when it comes to cuts, the president has also spelled out his cuts and it would be very useful if our republican colleagues would spell them out so we could see where they might match up and where they don't. >> congressman, thank you for joining me. >> thank you. thanks, piers. >>> coming up, a man familiar with washington battles that go down to the wire. former speaker newt gingrich who
the president has had his picture with speaker boehner. but look, the important thing as you say is to get everybody together. now, the president's plan is very clear. he spells out exactly how he's going to get the revenue and he's very detailed about the cuts. what we would like to see is a similarly detailed plan from speaker boehner. as the president said, when you look at the revenue number they propose, for example, they don't tell you how they do the math. so in addition to being not...
198
198
Dec 7, 2012
12/12
by
CNNW
tv
eye 198
favorite 0
quote 0
so john boehner trying to simplify things. he's asking top democrats and republica republicans to step aside so he can negotiate with the president one-on-one. it seems to be a request that everyone was able to live with. brianna keilar is live for us at the white house. if this is the case that everybody has been cleared out of the room, does that surprise you? it seems to make sense to me. >> reporter: it's not surprising at all. this is what observers of this process thought would happen all along. ultimately this was a process that would come down to president obama and house speaker john boehner brokering a deal. very much the way you saw they attempted to do during the debt ceiling debacle last year. it simplifies the problem of less cooks in the kitchen. then they will have to sell it. president obama would have to bring in democrats. john boehner would have to bring in his republicans and make sure everyone is on board. this comes on the heels of what has really been radio silence between the white house and house repu
so john boehner trying to simplify things. he's asking top democrats and republica republicans to step aside so he can negotiate with the president one-on-one. it seems to be a request that everyone was able to live with. brianna keilar is live for us at the white house. if this is the case that everybody has been cleared out of the room, does that surprise you? it seems to make sense to me. >> reporter: it's not surprising at all. this is what observers of this process thought would...
122
122
Dec 11, 2012
12/12
by
CNNW
tv
eye 122
favorite 0
quote 0
so van, apart from my bad grammar, how close do you think president obama and speaker boehner are to a deal? and from your perspective, is a bad deal better than no deal? >> well, no. i think a bad deal is a bad deal and we shouldn't accept it. republicans have the problem that all of the polls show the vast majority of the american people -- people who have done well in america should do well by america and start paying america back. this tax break, even george bush didn't want it to be permanent. somehow, republicans have gotten hung up on this one thing, turning tax policy in to theology. they can't let it go. it has united the democratic party against them, and now most of the american people are on the other side of the debate. we can't talk about spending until we get out of the corner. >> ari, how much of the republican opposition is based on principle, to the raising of taxes on the wealthiest is based on principle and how much is based on a fear that they may face a primary challenge from more conservatives in their party or tea party candidates? >> i think it's impossible t
so van, apart from my bad grammar, how close do you think president obama and speaker boehner are to a deal? and from your perspective, is a bad deal better than no deal? >> well, no. i think a bad deal is a bad deal and we shouldn't accept it. republicans have the problem that all of the polls show the vast majority of the american people -- people who have done well in america should do well by america and start paying america back. this tax break, even george bush didn't want it to be...